Make banks to dispense loans to professionals who are long term unemployed or under employed to start their business so they can hire workers and stimulate job growth.
Why is this important?
How much reserve average American households have that would have allowed them to compensate for mistakes, big and small, subprime crisis, economic crisis, overcharges, fees, fines, collections and legal judgements over extended period of time without dipping into Red? As a professional lost job in 2005, I have exhausted my resources to shield kids and elderly from the hardship, but still would never be able to keep up with the domino effect caused by errors at system level. It is about time to have a fresh start for all innocent bystanders paying for others mistakes to get sufficient business funding to rebuild middle class. I propse some other forms of credit other than real property before income cliff hits. I have gone through a long and tedious process to find out the road blocks to start a business in US, the hard way.
